What do you believe is the single most important factor driving up the cost of living in Nigeria?

The International Monetary Fund has revealed that Ghana’s Performance under the IMF-supported programme has been generally satisfactory.

According to the Fund, all end-June 2024 quantitative targets were met, and progress on key structural reforms has continued notwithstanding delays in a few areas.

In a statement after reaching a Staff-Level Agreement on the Third Review of the Extended Credit Facility Programme, the Fund said the authorities’ policy and reform efforts under the programme have continued to deliver encouraging results.

“Economic growth in the first half of 2024 was much higher than initially envisaged, primarily fueled by mining, construction, and information and communication activity, with a broadening of the sources of growth across sectors during the second quarter. Inflation has continued to decline”.

It however cautioned that the recent dry spell affecting the Northern regions is expected to adversely impact agricultural output, potentially constraining growth and adding pressure on food prices for the remainder of the year. However, the government’s policy response should help mitigate these risks.

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